THE NIGERIAN STOCK EXCHANGE FACTBOOK 2008

 

Published Under the Authority

 of the Council of:

 

THE NIGERIAN STOCK EXCHANGE

STOCK EXCHANGE HOUSE

  2/4 Customs Street,

P.O. Box 2457, Lagos

 Telephone: 234-01-2660287, 2660305, 2660335, 2669978, 2661293

   Telex 23567 STEX.NG

Fax: 234-01-2668281, 2668724

E-mail: nse@nigerianstockexchange.biz

Website:www.nigerianstockexchange.com

 

 

BRANCHES:

Abuja (Area Office)

Kaduna

Port Harcourt

Kano

Onitsha

Ibadan

Yola

Benin

Ilorin

Uyo

 

EDITORIAL BOARD

Prof. Ndi Okereke-Onyiuke, PhD, OON (Chairman)

Mr. Kene Okafor (Editor)

Mr. Farooq Oreagba (Editor)

Mr. Arize Nwobu (Deputy Editor)

  

Copyright:

The Nigerian  Stock Exchange

ISBN 978 0262 - 1 - 6

 

Design/Typesetting by: Management Information Technology Department of The Nigerian Stock Exchange, 2/4 Customs Street, Lagos.

 

Produced by:

Pathway Communications Ltd.,

5/6, Adekunle Odunlami Crescent,

Next to AfriBank Estate,

Ilupeju - Lagos.

Nigeria.

Tel: 01-7911733

 

FACTBOOK 2008

 

 

 

UNITED NIGERIA TEXTILES PLC

 

 

1. Head Office:

  Plot ‘O’, Industrial Estate,

  Kaduna South,

  P. O. Box 365,

  Kaduna, Kaduna State.

  Tel: 234-062-234100 - 7;

  Fax: 234-062-231412, 232279

  Telex: 71140, 711585.

  E-mail: untplckad@wwlkad.com

 

2. Nature of Business:

Manufacturing and Marketing of Textile Products, mainly Grey Cloth, Real Wax and Superb Prints.

 

3. Date of Incorporation:

  7th May, 1964

 

4. Date Listed on The Exchange:

  December, 1971

 

5. NSE Classification:

  Textiles

 

6. Board of Directors:

  Mohammadu Dikko Yusufu, CFR, GCON (Vice-Chairman)

  Akintola Williams, CBE, CFR

  Yue Shing Wong (MD/CEO)

  Teddy Inn

  Madeline M. L. Wong

  E. A. Fabiyi

  Victor M. Cha

  P. M. Chun

  C. K. Wong

  P. L. Chang

  K. S. Wong

  Ubadigbo Okonkwo

  Aliyu A. Alkali, mni

  Kikelomo C. Akinluyi

 

7. Company Secretary:

  Fathu Abdullahi, mni

 

 

8. Auditors:

  Akintola Williams Deloitte

  (Chartered Accountants),

  Metro Plaza, Zakariya Maimalari Street

  Central Business District

  P. O. Box 3710, Garki, Abuja

  Tel: 234-09-4614905, 6700059

  Fax: 234-09-4614931

  Website: www.deloitte.com

 

9. Company Registrars:

  UBA Global Markets

  Registrars Department

  97/105 Broad Street, Lagos.

 

10. Associates:

  Funtua Textiles Limited

  Unitex Limited

  Zamfara Textiles Industries Limited

  Supertex Limited

  Qualitex Textiles Limited

 

11. End of Accounting Year

  31st December

 

12. Number of Employees

  4,977

 

13. Capital Structure

  i.Authorised:    N500,000,000.00

  ii.Paid-Up        N421,642,000.00

 

14. Analysis of Shareholding

  Nigerian Citizens & Associations - 43%

  Overseas Interest - 57%

 

 

FIVE-YEAR FINANCIAL SUMMARY

 

CAPITAL AND

RESERVES:                                        2007          2006          2005          2004          2003

                                                        N‘000         N‘000         N‘000         N‘000         N‘000

 

Fixed Assets                                5,078,979    5,825,521    6,302,121    6,883,708    6,775,027

Investments                                        7,340        19,350        19,350        19,350        19,350

Net Current Assets                        5,708,004    7,237,251    6,678,867    5,584,420    5,779,925

                                                    ————      ————        ———        ———        ———

Total assets less

Current liabilities                         10,794,323  13,082,122  13,000,338  12,487,478  12,574,302

Provision for liabilities and

charges                                       2,885,258    3,239,789    2,630,842    2,202,162    2,333,896

Long term loan                                  75,315      276,151                -                -                -   

Minority Interest                               536,838      549,772      556,834      567,953      595,682

                                                    ————      ————      ————      ————      ————

                                                  7,296,912    9,016,410    9,812,662    9,717,363    9,644,724

                                                     ======        =====        =====        =====        =====

 

CAPITAL AND RESERVES:

Share Capital                                  421,642      421,642      421,642      421,642      421,642

Capital Premium                            4,520,663    4,520,663    4,520,663    4,520,663    4,520,663

Revenue Reserve                           2,354,607    4,074,105    4,870,357    4,775,058    4,702,429

                                                    ————      ————      ————      ————      ————

Shareholders’ Funds                      7,296,912    9,015,410    9,812,662    9,717,363    9,644,724

                                                      =====        =====        =====        =====        =====

 

TURNOVER, PROFIT AND LOSS ACCOUNT

Turnover                                     18,551,741  20,286,122  17,664,955  21,838,790  22,713,031

                                                     ======      ======      ======      ======      ======

(Loss)/profit on ordinary activities

before taxation                           (2,173,742)    (210,965)      246,626      340,475    (335,184)

Taxation                                         (68,323)    (545,537)    (162,446)    (208,388)      (29,743)

Loss)/Profit on ordinary activities

after taxation                              (2,242,065)    (756,502)        84,180      132,087    (364,927)

Minority Interests                               12,935         4,372        11,119        24,870         5,696

(Loss)/profit attributable to

the Group                                   (1,719,498)    (752,130)        95,299      156,957    (359,231)

Dividend                                                  -                -                -       -84,328                -

                                                     ======      ======      ======      ======      ======

DATA PER SHARE (KOBO)

(Loss)/earnings                                   (204)            (89)              11              19            (43)

Dividend declared                                     -                -                -              10                -

Net assets                                            865         1,069         1,164         1,152         1,144

 

NOTE:

Earnings, dividends and net assets per share have been computed on the basis of profit after tax and the number of issued and fully paid ordinary shares at the end of each year. Net assets per share have been computed on the basis of net assets and on the number of issued and fully paid ordinary shares at the end of each year.

 

 

 

Important Note:

While every effort is made to ensure accuracy, no responsibility is accepted for any error, which may occur in this book.

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